Operating profit reached R$9,849 million, up 72% on the previous quarter due to readjustments in the price of diesel and gasoline, lower import costs and lower operating expenses.
Petrobras announces that its Board of Directors has approved the 2013-2017 Business & Management Plan (2013-17 BP)
With huge investments, Petrobras plans a sizeable growth in its share of the biofuel market.
During a meeting held today (Feb. 9), our Board of Directors elected Maria das Graças Silva Foster as CEO of Petrobras, replacing current CEO José Sergio Gabrielli de Azevedo, who shall remain in office until next Monday (Feb. 13), when the new CEO will be inaugurated.
Petrobras’ growth stimulates its production chain and boosts the energy sector’s economy in Brazil and abroad.
Petrobras' CEO, José Sergio Gabrielli de Azevedo, was named the 2011 Oil Executive of the Year by Energy Intelligence, a renowned information service provider on the energy industry.
We announce today our consolidated results for the second quarter (2Q11) and first half of 2011 (1H11), presented in accordance with international financial reporting standards (IFRS).
The Board of Directors approved today the advanced payment of interest on own capital (IOC), in accordance with Brazilian legislation.
Brazil is the leader in the world ranking of discoveries of new oil reserves in the past decade, mainly driven by Petrobras’ success in the pre-salt layer.
We announce two major oil discoveries and a gas discovery in ultradeep Hadrian area waters, in the Keathley Canyon concession, in the U.S. portion of the Gulf of Mexico. Recoverable volumes are estimated in excess of 700 million barrels of oil equivalent in the Keathley Canyon blocks, among the biggest discoveries made in the Gulf of Mexico in the last decade.
